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January 14, 2019 10:57 AM Big-time oil price hike set for January 15

The Department of Energy says the increase is due to oil-producing countries cutting their output to stabilize global prices MANILA, Philippines – Pump prices are set to spike on Tuesday, January 15, as oil-producing countries like Saudi Arabia cut their output to prevent oversupply. Shell, Petron, Caltex, Flying V, Unioil, Seaoil, Total, PTT Philippines 133

January 7, 2019 9:58 AM Oil price hike on January 8 not due to Train Law – DOE

Oil companies will hike diesel prices by P0.70 per liter and gasoline by P0.80 per liter amid price movements in the global market MANILA, Philippines – Pump prices will increase on Tuesday, January 8, amid movements in the world market, various oil companies confirmed. Caltex, Shell, PTT Philippines, Petrogazz, Phoenix Petroleum, and Eastern Petroleum 80

October 31, 2018 5:07 AM NAIA terminal fee to increase in April 2019

The terminal fee will go up from P550 to P750 for international flights, and from P200 to P300 for domestic flights MANILA, Philippines – The Ninoy Aquino International Airport (NAIA) terminal fee for international and domestic flights will be increased beginning the 2nd quarter of 2019. In a media briefing, Manila International Airport Authority (MIAA) 84

October 22, 2018 9:12 AM Poorest Filipinos feel inflation at 8% in August 2018

MANILA, Philippines – The poorest or bottom 30% income households felt inflation at 8% in August 2018, according to the latest release from the Philippine Statistics Authority (PSA). The figure was higher than the 7.3% recorded in July 2018 and the 3% posted in August 2017. (READ: EXPLAINER: How inflation affects you) All indices of all the commodity 79

October 18, 2018 4:08 AM LTFRB approves hike on bus fares

The Land Transportation Franchising and Regulatory Board (LTFRB) approved on Thursday a provisional P1 fare increase for public utility buses in Metro Manila. The hike raises to P11 the minimum fare for ordinary buses from the original P10 and P13 for air-conditioned buses from the original P12. At the same time, the board approved to “provisionally 84

October 18, 2018 2:46 AM LTFRB approves P2 jeepney minimum fare increase

The Land Transportation Franchising and Regulatory Board (LTFRB) approved on Thursday a P2-peso fare increase in public utility jeepneys, effective in November. The decision came after the LTFRB made permanent the provisional fare hike of P1 back in July and granted another P1 increase, which raises the minimum fare to P10 from the previous P8. The provisional 76

October 17, 2018 10:37 AM LTFRB to public: Wait for official doc on reported P2 jeepney fare hike

LTFRB says it has not released an official document on the reported fare hike. It asks drivers not to implement the hike yet. (File photo from Philippine Daily Inquirer) The Land Transportation Franchising and Regulatory Board (LTFRB) advised the media to depend on the official document about the jeepney fare hike, which has yet to be released, noting 67

October 5, 2018 9:28 PM Further weakening of peso seen

Skyrocketing global oil prices will further weaken the peso as well as make it costlier to borrow money, London-based Capital Economics said. “The biggest impact of a period of sustained higher oil prices would be in India and the Philippines, whose current account deficits would be pushed even more into the red, putting further downward pressure on their 19

October 4, 2018 8:01 AM Gatchalian wants budget hike for AFP reserve corps

Senator Sherwin Gatchalian is eyeing a higher budget for the Armed Forces of the Philippines Reserve Corps (AFPRF) in 2019 to improve the reserve corps’ training during natural calamities. “I believe that we should maintain and develop the AFP Reserve Force to help our country respond to the disastrous effects of natural calamities caused by climate 20

October 2, 2018 7:51 AM Starbucks coffee will now cost you more

MANILA, Philippines – Coffee giant Starbucks Philippines will be raising its beverage prices starting this week. In a statement on Tuesday, October 2, Starbucks said that the 3 to 8 percent price hike is part of a periodic increase by the company. "We periodically evaluate pricing to balance our need to run the business profitably while providing maximum 70